Examples of Put Option Payment Date in a sentence
In addition, the number of shares of Preferred Stock delivered shall equal the number of ABC Securities outstanding on the Put Option Payment Date.
Within thirty (30) Business Days after the holder's exercise of the Put Option, but in no event prior to the Put Option Date (the "Put Option Payment Date"), the Company shall pay the exercising holder, in cash, an amount equal to the then outstanding Conversion Amount of the Note as to which the Put Option is being exercised (the "Put Option Payment").
To exercise the Change of Control Put Option, a holder of shares of Series C Preferred Stock must deliver, on or before the third business day preceding the Put Option Payment Date, written notice to the Company (or to a paying agent designated by the Company for such purpose) of such holder's exercise of the Change of Control Put Option, indicating the number of shares of Series C Preferred Stock to be repurchased by the Company.
Each such notice shall state: the Put Option Payment Date; the cash repurchase price; the date by which the Going Private Put Option must be exercised, the place or places where Receipts evidencing Depositary Shares to be repurchased are to be surrendered for payment of the cash repurchase price; and that from and after the Put Option Payment Date dividends in respect of the Preferred Shares represented by the Depositary Shares to be repurchased will cease to accrue.
To exercise the Going Private Put Option, a holder of Receipts must deliver, on or before the third business day preceding the Put Option Payment Date, written notice to the Depositary of the holder’s exercise of the Going Private Put Option, indicating the number of Depositary Shares to be repurchased by the Company (the “Exercise Notice”).
The Put Option Exercise Price shall be payable on the Voluntary Put Option Payment Date or the Deemed Put Option Payment Date (each as defined below), as the case may be.
The Depositary shall give notice to the Company on or before the second business day preceding the Put Option Payment Date of the number of Preferred Shares represented by Depositary Shares to be repurchased pursuant to properly delivered Exercise Notices that were not properly withdrawn (the “Preferred Repurchase Shares”).
Any such reduction shall be effective for all purposes of this Agreement, the Asset Swap Arrangement and the Rate Swap Arrangement, as of the Deemed Put Option Payment Date or Voluntary Put Option Payment Date, as the case may be.